Abstract
In the first half of this chapter we discuss prices. In Japan real output has increased rapidly, but so have prices; economic growth accompanied by inflation has characterized the Japanese economy. In Section 11.1 we look first at various indicators of price changes in an attempt to discover the causes. In Section 11.2 we discuss changes in the price structure (relative prices of different sectors of the economy) and the causes, and then the significance of inflationary growth.
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© 1994 The Oriental Economist
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Minami, R. (1994). Prices and Living Standards. In: The Economic Development of Japan. Studies in the Modern Japanese Economy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-23221-5_11
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DOI: https://doi.org/10.1007/978-1-349-23221-5_11
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-59600-5
Online ISBN: 978-1-349-23221-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)